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Equities research analysts at Topeka Capital Markets lowered their price objective on shares of Coach (NYSE:COH) from $46.00 to $34.00 in a research note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Topeka Capital Markets’ price objective suggests a potential downside of 4.74% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura cut their price target on shares of Coach from $50.00 to $45.00 in a research note on Friday. Separately, analysts at Canaccord Genuity cut their price target on shares of Coach from $42.00 to $35.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at KeyCorp cut their price target on shares of Coach from $55.00 to $46.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Coach presently has a consensus rating of “Hold” and an average target price of $46.50.

Coach (NYSE:COH) traded down 1.97% on Friday, hitting $34.987. The stock had a trading volume of 10,103,679 shares. Coach has a one year low of $35.00 and a one year high of $59.58. The stock has a 50-day moving average of $40.9 and a 200-day moving average of $48.3. The company has a market cap of $9.592 billion and a price-to-earnings ratio of 10.88. Coach also was the recipient of unusually large options trading on Tuesday. Stock traders purchased 17,506 call options on the company. This represents an increase of approximately 238% compared to the average volume of 5,177 call options.

Coach (NYSE:COH) last announced its earnings results on Tuesday, April 29th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $0.84 earnings per share. Coach’s revenue was down 7.4% compared to the same quarter last year. Analysts expect that Coach will post $3.05 EPS for the current fiscal year.

Coach, Inc (NYSE:COH) is a marketer of accessories and gifts for women and men.

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